Mercury Systems (NASDAQ:MRCY) EVP Sells 1,000 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $86.52, for a total transaction of $86,520.00. Following the sale, the executive vice president directly owned 60,971 shares in the company, valued at $5,275,210.92. This represents a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stuart Kupinsky also recently made the following trade(s):

• On Friday, August 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The shares were sold at an average price of $95.23, for a total transaction of $95,230.00.
• On Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The stock was sold at an average price of $100.31, for a total transaction of $131,205.48.
• On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total transaction of $131,182.08.
• On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The shares were sold at an average price of $109.95, for a total transaction of $131,390.25.

Mercury Systems Stock Down 1.4%

Shares of NASDAQ:MRCY traded down $1.16 during trading on Wednesday, hitting $82.72. The company’s stock had a trading volume of 444,705 shares, compared to its average volume of 683,328. The business has a 50 day moving average price of $95.05 and a two-hundred day moving average price of $94.70. The company has a market capitalization of $5.03 billion, a PE ratio of -165.44 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96. Mercury Systems Inc has a fifty-two week low of $65.04 and a fifty-two week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $289.78 million during the quarter, compared to analyst estimates of $266.09 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, research analysts expect that Mercury Systems Inc will post 0.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on MRCY. Deutsche Bank Aktiengesellschaft downgraded Mercury Systems to a “hold” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their price target on shares of Mercury Systems from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Robert W. Baird lifted their price target on Mercury Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Guggenheim began coverage on shares of Mercury Systems in a report on Monday, September 14th. They issued a “buy” rating and a $115.00 target price for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $131.00 target price (up from $126.00) on shares of Mercury Systems in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.55.

Institutional Trading of Mercury Systems

Several institutional investors and hedge funds have recently made changes to their positions in MRCY. Integrated Wealth Concepts LLC purchased a new position in Mercury Systems during the 2nd quarter worth approximately $87,000. IFP Advisors Inc lifted its stake in Mercury Systems by 250.8% in the second quarter. IFP Advisors Inc now owns 463 shares of the technology company’s stock valued at $57,000 after buying an additional 331 shares during the last quarter. Nykredit A S purchased a new stake in Mercury Systems in the second quarter valued at approximately $265,000. Corient Private Wealth LP boosted its holdings in shares of Mercury Systems by 92.4% in the second quarter. Corient Private Wealth LP now owns 11,338 shares of the technology company’s stock valued at $1,387,000 after acquiring an additional 5,446 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in shares of Mercury Systems in the second quarter valued at approximately $376,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

About Mercury Systems

Mercury Systems, Inc is a technology company that develops and manufactures secure, high-performance computing and sensor-processing solutions for the aerospace and defense industries. Its products are designed for use in mission-critical applications where ruggedness, rapid data processing, cybersecurity and long operational life are essential.

The company’s offerings include embedded computing systems, digital signal processing technologies, radio-frequency and microwave components, avionics systems, sensor-processing solutions, electronic warfare technology and secure communications products.